Aged Pension · Calculator

Age Pension Calculator

Estimate your Age Pension under the normal income and assets tests. Uses rates current at 1 July 2026, deeming, Work Bonus balances and one- or two-recipient couple calculations, including illness-separated rates.

Income + Assets TestWork Bonus BalanceIllness-Separated Rate
01 —INPUTS

Generally needs 10 years' residence (incl. 5 continuous); refugee and agreement-country exceptions may apply.

Must be 67 or older to qualify. You can submit a claim up to 13 weeks before reaching Age Pension age.

Enter 0 if you have none. Super, savings, shares and managed funds are subject to deeming.

If a partner is under 67, generally exclude their accumulation super unless it is already paying an assessable income stream.

Enter 0 if none. Includes car, contents, caravan and net value of assessable property; only asset-tied debts reduce it.

Enter 0 if you have none. Use annual gross employment or active self-employment income. The standard $300/fn Work Bonus applies to an eligible pensioner.

Enter the balance available at the start of this 26-fortnight estimate, up to $11,800. Actual use depends on when employment income is paid.

Enter 0 if none. Include rental income, foreign pensions and other assessable income. Do not repeat returns from financial assets already covered by deeming; special rules apply to grandfathered and defined-benefit income streams.

02 —RESULTS
Awaiting input

Confirm residence eligibility and enter every required amount — use 0 where none — to estimate your Age Pension

Edit inputs ↑
How it works

How the Age Pension Means Test Works

The Age Pension uses a two-test system. Services Australia calculates a rate under both the income test and the assets test, then uses the lower result. If either test reduces the rate to zero, the normal means-test estimate is zero.

A payment also requires qualification rules this calculator cannot fully assess. You must be at least 67 years old and generally have been an Australian resident for at least 10 years, including 5 continuous years, although exceptions and international agreements can apply.

Payment rates

Age Pension Payment Rates (from 20 March 2026)

These are the maximum fortnightly rates before the income and assets tests are applied. Your actual payment may be lower. The Department of Social Services indexes these rates on 20 March and 20 September each year. A member of a couple separated due to ill health is each paid the single rate.

Per fortnight Single Couple each Couple combined Apart, ill health
Maximum basic rate $1,100.30 $829.40 $1,658.80 $1,100.30
Pension Supplement $86.50 $65.20 $130.40 $86.50
Energy Supplement $14.10 $10.60 $21.20 $14.10
Total $1,200.90 $905.20 $1,810.40 $1,200.90

Annually, the maximum single rate is $31,223 and the maximum couple combined rate is $47,070 (paid fortnightly across 26 fortnights). The Pension Supplement and Energy Supplement are included automatically — you do not apply for them separately.

Income test

Income Test and Deeming Rules

The income test assesses employment, deemed income from financial assets and other assessable income. Above the free area, a single pension reduces by 50 cents per dollar. For a couple, each eligible partner's payment reduces by 25 cents per dollar of combined excess income.

Single income free area $226/fn ($5,876/yr)
Couple combined income free area $396/fn ($10,296/yr)
Taper rate Single 50c; couple 25c each per $1

How Deeming Works

Rather than using actual returns, Services Australia applies standardised deeming rates to the total value of your financial assets:

First $66,800 (single) / $110,600 (couple) 1.25% per year
Balance above that 3.25% per year

The deemed income is added to your other assessable income. If your actual returns exceed the deeming rates, the excess is not counted.

Work Bonus

Each eligible working pensioner has $300 per fortnight of Work Bonus. It is personal: one partner cannot use the other's unused amount. An individual balance can accrue to $11,800 and eligible first-time claimants generally start with $4,000. Enter an opening balance to include it in the 26-fortnight estimate; actual use still depends on when employment income is paid.

Assets test

Assets Test

The assets test counts bank accounts, shares, managed funds, assessable super, investment properties, vehicles and household contents. The major exclusion is generally your principal home. A partner's accumulation super is generally exempt while they are under Age Pension age and it is not paying an income stream. Above the lower threshold, the combined pension reduces by $3 per fortnight per $1,000 of assets.

Situation Lower Threshold Cut-off
Single, homeowner$333,000$733,500
Single, non-homeowner$600,000$1,000,500
Couple, homeowner$499,000$1,102,500
Couple, non-homeowner$766,000$1,369,500
Illness-separated couple, homeowner$499,000$1,300,000
Illness-separated couple, non-homeowner$766,000$1,567,000

At 1 July 2026, non-homeowner full-rate thresholds are $267,000 higher than homeowner thresholds.

Cut-off points

How Much You Can Have and Still Get a Part Pension

A part pension is payable right up to the cut-off point of whichever test bites first. The income cut-off is the fortnightly assessable income at which the 50c taper reduces your pension to zero — it builds in the Pension and Energy Supplements:

Single — income cut-off $2,627.80 per fortnight ($68,323 per year)
Couple combined — income cut-off $4,016.80 per fortnight ($104,437 per year)

On the assets side, the part pension stops at $733,500 for single homeowners and $1,102,500 for couple homeowners (see the assets-test cut-off column above; non-homeowners get higher limits). If you exceed both cut-offs you may still qualify for the Commonwealth Seniors Health Card, which is not assets-tested.

Worked examples

Worked Examples

Each estimate below is produced by the same calculator on this page. Your own result depends on your exact figures — enter them above for a personalised estimate.

Single homeowner, modest savings

Age 70, owns home, $250,000 in financial assets (bank + super in pension phase), $30,000 of contents and a car, no employment income.

Estimated pension $1,183.34/fn ($30,767/yr)
Limited by income test
Deemed income $261.12/fn

Couple, both pensioners

Both age 68, own home, $450,000 in combined financial assets, $40,000 of other assets, no employment income.

Estimated pension $1,769.69/fn ($46,012/yr)
Limited by income test
Deemed income $477.42/fn

Single, working part-time

Age 68, owns home, $18,200/yr ($700/fn) in wages, $120,000 in financial assets, $20,000 other — shows how the Work Bonus shields employment income.

Estimated pension $1,064.59/fn ($27,679/yr)
Limited by income test
Deemed income $98.62/fn

Couple separated by illness

Both eligible, one partner lives in residential care, $450,000 in combined financial assets and $40,000 of other assets, with no employment income.

Estimated pension $2,361.09/fn ($61,388/yr)
Limited by income test
Deemed income $477.42/fn
Couples

How It Works for Couples

Services Australia assesses combined income and combined assets. The couple income free area is $396/fn and the homeowner full-rate assets threshold is $499,000. When both partners are eligible, the maximum combined normal rate is $1,810.40/fn ($905.20 each).

If only one partner is eligible, that person receives one partnered rate while the same combined income and asset thresholds apply. The calculator treats “your employment income” as the eligible person's income and only applies Work Bonus to the other partner when both are eligible pensioners.

For financial assets, a younger partner's super in accumulation phase is generally exempt until they reach Age Pension age, provided it is not paying an assessable income stream. Enter only the financial assets Services Australia would assess.

FAQ
What is the Australian Age Pension?
The Age Pension is a fortnightly payment from the Australian Government for people who have reached Age Pension age (67 years). From 20 March 2026, the maximum normal rate is $1,200.90 per fortnight for singles ($31,223 per year) and $1,810.40 per fortnight for couples combined ($47,070 per year), including Pension and Energy Supplements. The payment is means-tested and also depends on qualification rules such as residence.
How does the Age Pension means test work?
The means test has two parts: an income test and an assets test. Services Australia calculates your pension under both tests and pays you the lower amount. Under the income test, your pension reduces by 50 cents for every dollar of fortnightly income above the free area ($226 for singles, $396 for couples combined). Under the assets test, your pension reduces by $3 per fortnight for every $1,000 of assets above the threshold ($333,000 for single homeowners, $499,000 for couple homeowners). Your principal home is excluded from the assets test.
What is deeming?
Deeming is the method Services Australia uses to assess income from financial assets (bank accounts, shares, managed funds, superannuation in pension phase). Rather than using your actual returns, they assume (deem) your financial assets earn a set rate of return. The first $66,800 of financial assets for singles ($110,600 for couples) is deemed to earn 1.25% per year; everything above that is deemed at 3.25%. For example, if you are single with $200,000 in financial assets, the deemed income would be $66,800 × 1.25% + $133,200 × 3.25% = $835.00 + $4,329.00 = $5,164 per year ($198.62 per fortnight).
What counts as an asset for the Age Pension?
The assets test includes bank accounts, shares, managed funds, investment properties, vehicles, household contents and assessable superannuation. Your principal home is generally excluded. Super held by someone under Age Pension age is generally not counted while it remains in accumulation phase and is not paying an income stream; once that person reaches Age Pension age, their super is normally included even if they are not claiming a payment. Some funeral investments, trusts and income streams have special rules.
What is Work Bonus?
Each eligible working pensioner has $300 of Work Bonus available per fortnight. A person cannot transfer unused Work Bonus to their partner. Unused amounts can build in an individual Work Bonus balance up to $11,800, and eligible first-time claimants generally start with $4,000. This calculator can annualise an entered opening balance, but actual use depends on when employment income is paid. Work Bonus does not apply to deemed investment income or passive rental income.
How is the Age Pension calculated for couples?
For couples, Services Australia assesses combined income and assets. The income free area is $396 per fortnight combined; above it, each eligible partner's pension reduces by 25 cents per dollar, or 50 cents across both payments. Asset thresholds are combined — $499,000 for homeowners or $766,000 for non-homeowners. The maximum normal rate is $905.20 each. If only one partner qualifies, that person receives one partnered rate and the couple's combined income and assets still apply.
How often do Age Pension rates change?
The Department of Social Services indexes Age Pension rates twice a year — on 20 March and 20 September. The maximum single rate is benchmarked to the higher of the increase in CPI, the Pensioner and Beneficiary Living Cost Index (PBLCI), or Male Total Average Weekly Earnings (MTAWE). The couple combined rate is set at 1.5 times the single rate. Income free areas, assets thresholds and deeming thresholds are reviewed on 1 July each year. Payment rates on this page applied from 20 March 2026; means-test thresholds reflect the 1 July 2026 indexation.
What is the income and assets cut-off for the Age Pension?
A part pension is payable until your income or assets reach the cut-off point of whichever test reduces your pension to zero first. Under the income test, the part pension stops at $2,627.80 per fortnight of assessable income for singles and $4,016.80 per fortnight (combined) for couples — these figures include the Pension and Energy Supplements. Under the assets test, the cut-off is $733,500 for single homeowners and $1,102,500 for couple homeowners, with higher limits for non-homeowners. If you are over both cut-offs you may still qualify for the Commonwealth Seniors Health Card, which is income-tested but not assets-tested.
Can I get the Age Pension if I am still working?
Yes. The standard Work Bonus can remove up to $300 per fortnight of each eligible pensioner's employment or active self-employment income before the income test. A single person with no other assessable income can therefore have $526 per fortnight before the normal income taper starts. Deemed income and other assessable income use part of the $226 free area, so this is not a universal earnings threshold. You can enter an opening Work Bonus balance up to $11,800; the calculator annualises it, while the actual result depends on when income is paid.
What happens to a couple separated due to ill health?
If you and your partner are separated due to illness, each eligible partner may be paid the higher single normal rate of $1,200.90 per fortnight. Income and assets are still assessed as a couple. From 1 July 2026, the normal-rate assets cut-off is $1,300,000 combined for homeowners or $1,567,000 for non-homeowners. The calculator can estimate this rate, but Services Australia must decide whether the illness-separated classification applies.

Also see: Disability Support Pension Calculator and Carer Payment Calculator — both use the same income and assets tests as the Age Pension. Caring for a child? Try the Parenting Payment Calculator.

Working out your offsets? Use the Tax Offsets Calculator (LITO, WATO, SAPTO).

EOFY 2026 tools: EOFY action plan, tax refund calculator, EOFY checklist, EOFY countdown

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Tax Accuracy & Sources

Reviewed: 17 July 2026 · Tax year: 2026-27

This calculator applies normal Australian resident Age Pension payment rates from 20 March 2026 and means-test thresholds current at 1 July 2026. It includes Pension Supplement, Energy Supplement, deeming, illness-separated rates and the standard $300 fortnightly Work Bonus plus an entered opening balance up to $11,800 for each eligible working pensioner. It does not determine residence or illness-separated qualification, transitional rates, Rent Assistance, overseas rates, hardship provisions, or special treatment for grandfathered or defined-benefit income streams. Contact Services Australia for a formal assessment.

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